Steel boss to step down

A Tata Steel spokesman confirmed that the Scunthorpe-based operation will be led by Bimlendra Jha, the executive chairman of its board.

The spokesman said: “The current director of the business, Jon Bolton, has decided the time is now right for him to step aside and allow the new business to work towards a more sustainable future under its new leader. After supporting the initial launch of the stand-alone business, Jon will leave the organisation at the end of September to pursue opportunities outside Tata Steel. In his 35 years of tenure, Jon has made a significant contribution to Tata Steel and its predecessor companies.”